Kissimmee VA Loans

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A Kissimmee FL VA mortgage loan is a home loan offered by private lenders that are supported by the VA department so that the process of getting a mortgage loan can become easier for veterans. The money is then lent by the mortgage lender themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Kissimmee Florida VA Home Mortgage?

There are four types of people who can request Kissimmee VA mortgage loans. These are:

• Veterans who served with the U.S. armed forces.
• Military personnel which.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Kissimmee VA Mortgages

Not every veteran qualifies for a VA mortgage. In order to be eligible, veterans require:

• Sufficient and consistent credit background.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the department of Veterans Affairs mortgage in Kissimmee is offered only when the house is for personal use of the client. However, the money can be used to buy the house, build it or to make improvements in it, as per the requirements of the client.

Requesting a Certification of Eligibility for Kissimmee VA Loans

For the gathering of a Certificate of Eligibility, service men and women of the armed forces need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the spouses of veterans to get a mortgage loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you might be eligible for a Kissimmee Florida VA mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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